{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": null,
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI ACWI Universal UCITS ETF is a physically replicated ETF that tracks the MSCI ACWI Universal Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to USD Index. The ETF uses a sampling strategy to invest in a representative selection of the index constituents, which is a common and non-complex approach. The KIID and factsheet indicate that the ETF does not use leverage, inverse strategies, or synthetic replication. While the KIID mentions that the ETF may use derivatives, it specifies that these are used to reduce investor risks or manage currency hedging, not as a core part of the investment strategy. The ETF is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II. The risk profile is categorized as level 5, which is not unusually high for an equity ETF. The ETF's use of derivatives is limited to currency hedging and efficient portfolio management, which does not introduce significant complexity. The underlying index is a standard equity index with ESG tilts, which does not inherently add complexity. The ETF's transparency, liquidity, and straightforward replication method support its classification as non-complex.",
    "confidence": 95
}